Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
You might want to insert a correction in your post or you might be guilty of fraud.
I’m not guilty of financial fraud, Anonymous.
There’s a difference in how we handle things.
I believe in Valuation-Informed Indexing, which is rooted in the research of a Nobel-prize-winning economist.
You believe in Buy-and-Hold, which is rooted in the research of a Nobel-prize-winning economist.
I acknowledge that there are two schools of academic thought as to how stock investing works.
You do not. You engage in abusive trickery to deceive people into believing that there is only one school of academic thought as to how stock investing works.
That’s the fraud part. That’s the prison part.
I don’t do that and I have zero intention of ever doing that. Not in 14 years. Not in 14 billion years.
It’s a very, very, very big difference and a very, very, very important difference.
If I turn out to be wrong, I will have hurt no one because everyone who was persuaded that Valuation-Informed Indexing is the best strategy knew that Buy-and-Hold was an alternate school of thought and decided for himself or herself which school of thought to follow.
If you turn out to be wrong, you will have hurt millions in very serious ways because you have persuaded people to follow Buy-and-Hold that do not even know that there is 35 years of peer-reviewed research throwing doubt on the merit of Buy-and-Hold. Those people have a perfect right and responsibility to seek compensation for their losses from you and from all other Buy-and-Holders who have engaged in trickery. In cases like your own in which there has been ongoing abusive behavior that has hurt millions, those people have a perfect right and responsibility to insist that the laws against financial fraud be enforced to insure that you are put away in prison for a long time.
A society has a right to defend itself against predators seeking to bury it. Millions of people are today unemployed as a result of the Buy-and-Hold Crisis and millions more will be suffering failed retirements in days to come if the crisis continues. I want no part of the cover-up except to play the lead role in EXPOSING it and thereby helping the citizens of this country get about the business of rebuilding the economic and political systems that those posting in “defense” of Mel Lindauer and John Greaney and Jack Bogle have been so intent on destroying for their personal profit (whether financial or psychic) for 14 years now.
I hope that helps a bit, my old friend.